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Global asset manager Aviva Investors recently improved its medium-term outlook for the UK property despite the UK's recent credit rating downgrade by Moody’s.

Aviva is now forecasting an average annual return on property of 8% between 2013 and 2017, up from a five-year forecast of 6% in 2012.

‘The downgrade implies that investors could be more cautious about investing in the UK,’ said David Skinner, chief investment officer of real estate at Aviva in London. ‘However, given that there is no improvement in the medium-term outlook for the economy, our view is that property still looks like good value compared to other asset classes.’

The full analysis 'Rating cut unlikely to dent ‘wall of capital’ for UK property is premium content available to subscribers.

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